Nikul Patel Acquires Shares in Vroom, Inc.

Nikul Patel bought 9,832 shares of Vroom, Inc. on June 11, 2026.

Written by EarningsIQ · Published Jun 15, 2026, 11:01 AM EDT · Updated Jun 15, 2026, 4:01 PM EDT

Key Points

On June 11, 2026, Nikul Patel purchased 9,832 shares of Vroom, Inc., highlighting insider interest in the company.
Vroom, Inc. trades on the NasdaqGM under the ticker VRM, with a current stock price of $7.22 and a market cap of approximately $37.6 million.
Recent analyst ratings maintained a hold position with price targets around $1.00, reflecting cautious sentiment on Vroom's future performance.

On June 11, 2026, Nikul Patel made a notable purchase of 9,832 shares of Vroom, Inc. (NasdaqGM: VRM). This insider transaction did not specify a purchase price or total value, but it underscores a level of internal confidence in the company.

Insider Buying and Selling at Vroom, Inc.

Nikul Patel was among several insiders who acquired shares of Vroom, Inc. on June 11, 2026. Other insiders, including Robert Mylod Jr., Timothy Crow, and Robert Krakowiak, also bought 9,832 shares each on the same day. Earlier in the year, Robert Mylod Jr. had purchased significant quantities of shares, acquiring 184,824 shares on May 29 and 1,498,537 shares on May 14, 2026.

Other Institutional Activity in Vroom, Inc.

Several institutional investors have also been active with Vroom, Inc. Mudrick Capital Management, L.P. holds 3,967,251 shares valued at over $52.8 million, maintaining their position. Meanwhile, Silverback Asset Management LLC increased its holdings by 12,448 shares, bringing its total to 437,936 shares worth approximately $5.8 million. On the other hand, Bank of America Corp trimmed its position slightly by 954 shares, holding 250,035 shares valued at about $3.3 million.

Vroom, Inc. Stock Snapshot

Shares of Vroom, Inc. are currently trading at $7.22. The company has a market capitalization of around $37.6 million. Vroom's stock has seen a 52-week low of $7.22 and a high of $34.99. The company's forward P/E ratio is not meaningful as it is not profitable, with an EPS of -$12.95. Vroom maintains a current ratio of 4.37 and a quick ratio of 4.03, but its debt-to-equity ratio is notably high at 647.61.

Analysts Set New Price Targets

Analysts have been cautious with Vroom, Inc. Robert W. Baird maintained a hold rating with a price target of $1.00 on November 10, 2023. Similarly, Wells Fargo also maintained a hold rating with the same target on November 8, 2023. JMP Securities kept a buy rating with a target of $1.00 back in April.

About Vroom, Inc.

Vroom, Inc. operates as an automotive finance company, offering vehicle financing through third-party dealers under the UACC brand. Beyond financing, Vroom provides a digital services platform powered by artificial intelligence for automotive dealers and financial services companies. Founded in 2012 and based in Fort Worth, Texas, the company is led by CEO Thomas H. Shortt and employs 649 people.

Bottom Line

Nikul Patel's recent purchase of Vroom shares is part of a broader pattern of insider buying, suggesting confidence among company leaders. However, Vroom's financial challenges, including its lack of profitability and high debt-to-equity ratio, reflect ongoing hurdles. Investors should note that this information is based on past filings and may not represent the current position.